History and Overview Of The Business
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| Fully describe the business's activities |
Cake and Coffee shop with a menu of other light meals. High teas and other functions are catered for as well. Selling of cakes, cupcakes and other catering platters.
This is the opportunity to pick up a fully functional Coffee Shop for a FRACTION of the setup costs, will require your business drive, ideas and acumen to turn into a highly profitable business. Expansion of the Mall underway will also result in the shops location putting it in the middle of the mall between the new and old sections of the mall which should be a prime position.
The price includes the stock on hand on the take over date and this is normally in the region of R20,000 excluding.
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| When was the business established? |
July 2014 |
| How long has the owner had the business? |
April 2016 |
How Does The Business Operate
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| How does the business operate on a daily basis |
Owner run |
| How are the clients attracted to the business? |
Word of mouth |
| What Advertising/Marketing is carried out? |
Signage around the mall
Website and facebook
Emails |
| Does the business have any contract work? |
No |
| What competition exists? |
The normal competition found inside a mall |
| Seasonal Trends? |
Quieter in Winter and peaking in Summer |
Financial Information
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| Vat Registered? |
Yes |
| Vat Documentation on File? |
All returns |
| Management Accounts? |
Yes |
| Audited Financials? |
None yet |
| What as Cash/Credit Split? |
Card 70%
Cash 25%
EFT 5% |
| Debtors Book Age Analisys |
None |
| How can you improve the profitability? |
More functions and catering
Mall is being expanded to apparently double its size
There is a new business centre coming across the road
Apply for a Liquor License |
| Is Seller Finance available and if so what is it? |
No, cash sale |
Staffing Of the Business
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| What is the total number of Staff? |
Currently six but will be reduced to four in January |
| Staff Breakdown |
2 x Waiters (Manages)
4 x Kitchen and Cleaning (2 are chefs) |
| Staff Special Perks and Bonuses? |
Every 4th table is under the owners name so that the tip goes to the kitchen staff |
| Are the staff on Contract? |
Yes |
| Does any of the staff have management potential? |
Yes one of the waiters does |
| How involved is the Owner in running the business? |
100% |
Premises Of the Business
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| When Does the Current Lease ends? |
March 2018 |
| Is there an option to renew? |
Yes for 2 years |
| What is the annual escalation % |
8% |
| What are the Trading Hours? |
Mon-Thu 09:00-19:00
Fri 09:00-20:00
Sat 09:00-18:00
Sun/Public Holiday 09:00-17:00 |
| What is the square meters? |
65m² Outside area is not charged for in Rent |
| Is a copy of the lease available? |
Yes, on file |
| Do You require a license? |
No |
Assets Of The Business
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| Full Asset List available? |
See asset list, whats not on the list is Crockery and Cutlery of between R8,000 and R10,000 |
| Anything not included in the sale? |
Yes, two tables, small fridge and one microwave, owner will indicate which they are |
| What is condition of the assets |
Yes, two tables, small fridge and one microwave, owner will indicate which they are |
| Any Assets on Lease/HP that Buyer needs to take over? |
Coffee Machine, POS and Bank Terminal are on rentals |
| Are they insured at the moment? |
Yes |
SWOT Of The Business
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| STRENGTHS |
Location (In the middle after new extention added)
Quality of cake and food
Great staff |
| WEAKNESSES |
Staff expenses and space may be a bit small |
| OPPORTUNITIES |
Catering
Specialty cakes
Schools for cupcakes, etc.
Add additional product brands to the store |
| THREATS |
None perceived |
Summary
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| Why is this a good business |
Situated in a great mall with loads of opportunity for the right buyer, you will not be able to setup a new shop without spending at least five times this amount |
| Why is the owner selling it? |
Partner is retiring earlier than expected next year and wants to be free to pursue other opportunities with him |